Was sort of hoping for an Ante Creek update. The no news on Ante Creek only the quote
"which includes accelerated Ante Creek Montney oil drilling and completion activity"
is not much of an update on Ante Creek. The insider in the area is ARC Energy and they
have now licensed and spud a new crude oil well very close to the RMP Ante Creek well
where the rates are obviously known by insiders in the area.
I'm taking the "no news=good news" for Ante Creek second Montney oil exploration area.
The no news gives them a chance to pick up some more lands in the area. ARC is the
key player to watch in Ante Creek and for them to now move in and drill a well right on
que is a bonus for Ante Creek drilling. They also conveniently neglected to mention any
plans for Ante Creek for this upcoming year. Guess it will be a while before the actual
results are known.
Production now up over 5,000 boe/d and I'm expecting a build out for the oil battery
this year to double the production capacity from Waskahigan this year.
GLA...
2012 oil outlook???
I'm guessing $100 oil is realistic given Iran tensions.
North Korea is now also a wild card.
2012 natural gas outlook???
I think we are at or near the bottom price deck this week.
EPA frac and possible backlash in USA could be a nice catalyst going forward.
NG is due for a bounce for short covering very soon.
New Arc well is 2 sections due north of TD on RMP well.
ARC ANTEN 4-17-67-23
PRODUCTION - OUT (C)
Well ID: 00/04-17-067-23W5/0
Fluid: CRUDE OIL
Licensee: ARC RESOURCES LTD.
License Date: 06-Dec-2011
Spud Date: 15-Dec-2011
Projected Depth: 3,170.0 m
Field: ANTE CREEK NORTH
Terminating Zone: MONTNEY FM